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08/10/2024
Online HMRC Tool To Boost State Pension
More than 10,000 people across the UK have used a new online service to boost their state pension income, according to HM Revenue & Customs (HMRC).
Launched in April 2024, the service has facilitated over £12.5 million in voluntary National Insurance contributions to fill gaps in National Insurance (NI) records.
This is a timely reminder for those nearing retirement to check their eligibility. There's still time to potentially increase your state pension by making voluntary contributions for qualifying years between April 6, 2006, and April 5, 2018. The deadline to do so is April 5, 2025.
The "Check your State Pension forecast" tool on GOV.UK is a user-friendly resource that allows individuals to:
• Review their NI record: Identify any missing contributions.
• Calculate potential benefits: See how additional contributions could increase their state pension.
• Make secure payments: Contribute conveniently online if they choose to do so.
HMRC and the Department for Work and Pensions (DWP) encourage everyone to take advantage of this opportunity to maximize their retirement income. By checking their NI record and considering voluntary contributions, individuals can secure a more comfortable financial future.
Further analysis of the use of the online service shows:
• the majority of customers (51%) topped up one year of their NI record
• the average online payment is £1,193
• the largest weekly State Pension increase is £107.44
Emma Reynolds, Minister for Pensions, said: "We want pensioners of today and tomorrow to enjoy the dignity and support they deserve in retirement. That's why I urge everyone to check if they could benefit by filling gaps before the deadline passes. Using our online tool means only a few clicks could make a huge difference to your future."
Customers can use the Check your State Pension forecast tool by logging into their online account or via the free and secure HMRC app. Those without an online HMRC account can register on GOV.UK.
HMRC app users can see their pension details at their fingertips including their current potential retirement date as well as annual, monthly and weekly forecasts as well as checking their NI record.
Everyone should be aware of the risk of falling victim to scams and should never share their HMRC login details with anyone. HMRC scams advice is available on GOV.UK.
Launched in April 2024, the service has facilitated over £12.5 million in voluntary National Insurance contributions to fill gaps in National Insurance (NI) records.
This is a timely reminder for those nearing retirement to check their eligibility. There's still time to potentially increase your state pension by making voluntary contributions for qualifying years between April 6, 2006, and April 5, 2018. The deadline to do so is April 5, 2025.
The "Check your State Pension forecast" tool on GOV.UK is a user-friendly resource that allows individuals to:
• Review their NI record: Identify any missing contributions.
• Calculate potential benefits: See how additional contributions could increase their state pension.
• Make secure payments: Contribute conveniently online if they choose to do so.
HMRC and the Department for Work and Pensions (DWP) encourage everyone to take advantage of this opportunity to maximize their retirement income. By checking their NI record and considering voluntary contributions, individuals can secure a more comfortable financial future.
• the majority of customers (51%) topped up one year of their NI record
• the average online payment is £1,193
• the largest weekly State Pension increase is £107.44
Emma Reynolds, Minister for Pensions, said: "We want pensioners of today and tomorrow to enjoy the dignity and support they deserve in retirement. That's why I urge everyone to check if they could benefit by filling gaps before the deadline passes. Using our online tool means only a few clicks could make a huge difference to your future."
Customers can use the Check your State Pension forecast tool by logging into their online account or via the free and secure HMRC app. Those without an online HMRC account can register on GOV.UK.
HMRC app users can see their pension details at their fingertips including their current potential retirement date as well as annual, monthly and weekly forecasts as well as checking their NI record.
Everyone should be aware of the risk of falling victim to scams and should never share their HMRC login details with anyone. HMRC scams advice is available on GOV.UK.
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08 October 2024
Online HMRC Tool To Boost State Pension
More than 10,000 people across the UK have used a new online service to boost their state pension income, according to HM Revenue & Customs (HMRC). Launched in April 2024, the service has facilitated over £12.5 million in voluntary National Insurance contributions to fill gaps in National Insurance (NI) records.
Online HMRC Tool To Boost State Pension
More than 10,000 people across the UK have used a new online service to boost their state pension income, according to HM Revenue & Customs (HMRC). Launched in April 2024, the service has facilitated over £12.5 million in voluntary National Insurance contributions to fill gaps in National Insurance (NI) records.
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Northern Ireland WeatherThis Evening and Tonight:Cloudy across Northern Ireland through the evening and overnight. Some outbreaks of rain mostly in eastern counties, drier in the west. Fresh to strong northerly winds. Minimum temperature 8 °C.
